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City-Only
Scenario |
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EXAMPLE:
New construction of SF home in Pinckney neighborhood |
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Lot Appraised* |
Lot Assessed |
Property Tax |
New Appraised |
New Assessed |
New Tax |
Revenue-Plan |
Added Value |
Annual Rebate |
Revenue Loss/Gain |
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2007 |
$
51,976.00 |
$ 5,977.24 |
$
157.56 |
$ 154,976.00 |
$ 17,822.24 |
$
469.79 |
$
173.17 |
$103,000.00 |
$
296.62 |
$ 15.61 |
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2008 |
$
54,055.04 |
$ 6,216.33 |
$
163.86 |
$ 161,175.04 |
$ 18,535.13 |
$
488.59 |
$
191.96 |
|
$ 296.62 |
$ 28.10 |
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2009 |
$
56,217.24 |
$
6,464.98 |
$
170.42 |
$ 167,622.04 |
$
19,276.53 |
$
508.13 |
$
211.51 |
|
$ 296.62 |
$ 41.09 |
|
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2010 |
$
58,465.93 |
$
6,723.58 |
$
177.23 |
$ 174,326.92 |
$
20,047.60 |
$
528.45 |
$
231.83 |
|
$ 296.62 |
$ 54.60 |
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2011 |
$
60,804.57 |
$
6,992.53 |
$
184.32 |
$ 181,300.00 |
$
20,849.50 |
$
549.59 |
$
252.97 |
|
$ 296.62 |
$ 68.65 |
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2012 |
$
63,236.75 |
$
7,272.23 |
$
191.70 |
$ 188,552.00 |
$
21,683.48 |
$
571.58 |
$
274.95 |
|
$ 296.62 |
$ 83.26 |
|
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2013 |
$
65,766.22 |
$
7,563.12 |
$
199.36 |
$ 196,094.08 |
$
22,550.82 |
$
594.44 |
$
297.82 |
|
$ 296.62 |
$ 98.45 |
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2014 |
$
68,396.87 |
$
7,865.64 |
$
207.34 |
$ 203,937.84 |
$
23,452.85 |
$
618.22 |
$
321.59 |
|
$ 296.62 |
$ 114.26 |
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2015 |
$
71,132.74 |
$
8,180.27 |
$
215.63 |
$ 212,095.36 |
$
24,390.97 |
$
642.95 |
$
346.32 |
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$ 296.62 |
$ 130.69 |
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2016 |
$
73,978.05 |
$
8,507.48 |
$
224.26 |
$ 220,579.17 |
$
25,366.60 |
$
668.66 |
$
372.04 |
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$ 296.62 |
$ 147.78 |
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2017 |
$
76,937.18 |
$
8,847.78 |
$
233.23 |
$ 229,402.34 |
$
26,381.27 |
$
695.41 |
$
398.79 |
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$ 296.62 |
$ 165.56 |
$3,262.85 |
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2018 |
$
80,014.66 |
$
9,201.69 |
$
242.56 |
$ 238,578.43 |
$
27,436.52 |
$
723.23 |
$
723.23 |
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$
- |
$ 480.67 |
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2019 |
$
83,215.25 |
$
9,569.75 |
$
252.26 |
$ 248,121.57 |
$
28,533.98 |
$
752.16 |
$
752.16 |
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$
- |
$ 499.90 |
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2020 |
$
86,543.86 |
$
9,952.54 |
$
262.35 |
$ 258,046.43 |
$
29,675.34 |
$
782.24 |
$
782.24 |
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$
- |
$ 519.89 |
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2021 |
$
90,005.62 |
$
10,350.65 |
$
272.84 |
$ 268,368.29 |
$
30,862.35 |
$
813.53 |
$
813.53 |
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$
- |
$ 540.69 |
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2022 |
$
93,605.84 |
$
10,764.67 |
$
283.76 |
$ 279,103.02 |
$
32,096.85 |
$
846.07 |
$
846.07 |
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$
- |
$ 562.32 |
$3,551.52 |
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2023 |
$
97,350.07 |
$
11,195.26 |
$
295.11 |
$ 290,267.14 |
$
33,380.72 |
$
879.92 |
$
879.92 |
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$
- |
$ 584.81 |
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2024 |
$
101,244.08 |
$
11,643.07 |
$
306.91 |
$ 301,877.83 |
$
34,715.95 |
$
915.11 |
$
915.11 |
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$
- |
$ 608.20 |
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2025 |
$
105,293.84 |
$
12,108.79 |
$
319.19 |
$ 313,952.94 |
$
36,104.59 |
$
951.72 |
$
951.72 |
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$
- |
$ 632.53 |
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2026 |
$
109,505.59 |
$
12,593.14 |
$
331.96 |
$ 326,511.06 |
$
37,548.77 |
$
989.79 |
$
989.79 |
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$
- |
$ 657.83 |
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2027 |
$
113,885.82 |
$
13,096.87 |
$
345.23 |
$ 339,571.50 |
$
39,050.72 |
$
1,029.38 |
$
1,029.38 |
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$
- |
$ 684.14 |
$6,719.03 |
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2028 |
$
118,441.25 |
$
13,620.74 |
$
359.04 |
$ 353,154.36 |
$
40,612.75 |
$
1,070.55 |
$
1,070.55 |
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$ 711.51 |
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2029 |
$
123,178.90 |
$
14,165.57 |
$
373.40 |
$ 367,280.53 |
$
42,237.26 |
$
1,113.37 |
$
1,113.37 |
|
$ 739.97 |
|
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2030 |
$
128,106.06 |
$
14,732.20 |
$
388.34 |
$ 381,971.76 |
$
43,926.75 |
$
1,157.91 |
$
1,157.91 |
|
$ 769.57 |
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2031 |
$
133,230.30 |
$
15,321.48 |
$
403.87 |
$ 397,250.63 |
$
45,683.82 |
$
1,204.23 |
$
1,204.23 |
|
$ 800.35 |
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2032 |
$
138,559.51 |
$
15,934.34 |
$
420.03 |
$ 413,140.65 |
$
47,511.17 |
$
1,252.39 |
$
1,252.39 |
|
$ 832.37 |
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2033 |
$
144,101.89 |
$
16,571.72 |
$
436.83 |
$ 429,666.28 |
$
49,411.62 |
$
1,302.49 |
$
1,302.49 |
|
$ 865.66 |
|
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2034 |
$
149,865.97 |
$
17,234.59 |
$
454.30 |
$ 446,852.93 |
$
51,388.09 |
$
1,354.59 |
$
1,354.59 |
|
$ 900.29 |
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2035 |
$
155,860.60 |
$
17,923.97 |
$
472.48 |
$ 464,727.05 |
$
53,443.61 |
$
1,408.77 |
$
1,408.77 |
|
$ 936.30 |
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2036 |
$
162,095.03 |
$
18,640.93 |
$
491.37 |
$ 483,316.13 |
$
55,581.35 |
$
1,465.12 |
$
1,465.12 |
|
$ 973.75 |
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2037 |
$
168,578.83 |
$
19,386.57 |
$
511.03 |
$ 502,648.77 |
$
57,804.61 |
$
1,523.73 |
$
1,523.73 |
|
$
1,012.70 |
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2038 |
$
175,321.98 |
$
20,162.03 |
$
531.47 |
$ 522,754.72 |
$
60,116.79 |
$
1,584.68 |
$
1,584.68 |
|
$
1,053.21 |
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$
9,879.25 |
|
$
26,193.94 |
|
$
16,314.70 |
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*Based on the average lot valuation
in Pinckney. |
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**Based on current city levy of
.02636. |
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***Based on the average permit
valuation for a single family new construction project in Pinckney plus the
original appraised value of the lot. |
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